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Ocean Finance redeems €156 million portion of its notes on March 27
By Tali David
Minneapolis, March 29 - Ocean Finance announced the redemption of €156 million of its 100% principal rated and protected managed credit CPPI notes.
The following notes were redeemed on March 27:
• €39 million of its series 2006-1 class E1 notes due 2016;
• €30 million of its series 2006-2 class B2 notes due 2013;
• €26 million of its series 2006-3 class C2 notes due 2016;
• €25 million of its series 2006-4 class B1 notes due 2013; and
• €36 million of its series 2006-5 class D2 notes due 2016.
The redemption left €34.5 million of the class E1 notes, €10 million of the class B2 notes, €10 million of the class C2 notes, €5 million of the class B1 notes and none of the class D2 notes outstanding.
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